Course Overview
Phoenix TS’ instructor-led Budgets course teaches participants a solid understanding of the Federal Workplace’s basic financial terms and methods. This training will address:
- Commonly used terms
- Financial statements
- Budgets
- Forecasting
- Purchasing Decisions
- Financial Legislation
There are no prerequisites for this class.
Schedule
Budgets Training
date
location
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Course Outline
Getting Started
- Housekeeping items
- The parking lot
- Workshop objectives
- Action plans and evaluations
Glossary
- What is finance?
- Commonly used terms
- Key players
- Important financial organizations
- Understanding GAAP
- Case study
- Review questions
Understanding Financial Statements
- Balance sheets
- Income statements (AKA profit & loss statements)
- Statement of retained earnings
- Statement of cash flows
- Annual reports
- Case study
- Review questions
Analyzing Financial Statements (I)
- Income ratios
- Profitability ratios
- Liquidity ratios
- Working capital ratios
- Bankruptcy ratios
- Case study
- Review questions
Analyzing Financial Statements (II)
- Long-term analysis ratios
- Coverage ratios
- Leverage ratios
- Calculating Return on Investment (ROI)
- Case study
- Review questions
Understanding Budgets
- Common types of budgets
- What information do I need?
- Who should be involved?
- What should a budget look like?
- Case study
- Review questions
Budgeting Made Easy
- Factoring in historical data
- Gathering related information
- Adjusting for special circumstances
- Putting it all together
- Computer based methods
- Case study
- Review questions
Advanced Forecasting Techniques
- Using the average
- Regression analysis
- Extrapolation
- Formal financial models
- Case study
- Review questions
Managing the Budget
- How to tell if you’re on track
- Should your budget be updated
- Keeping a diary of lessons learned
- When to panic
- Case study
- Review questions
Making Smart Purchasing Decisions
- 10 questions you must ask
- Determining the payback period
- Deciding whether to lease or buy
- Thinking outside the box
- Case study
- Review questions
A Glimpse into the Legal World
- A brief history
- The Sarbanes-Oxley Act
- CEO/CFO certification
- 8th Company Law Directive
- Case study
- Review questions
Wrapping Up
- Words from the wise
- Parking lot
- Action plans and evaluations
Budgets Training FAQs
Who should take this class?
This course is intended for those who are responsible for a budget and who would like to get better at understanding and managing a budget.
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